Vn trade promotion department

Electric motorbikes manufactured by Vinfast. Many UK businesses are looking into electric mobility industry in Viet Nam which is expected to grow by double digits in the next few years. — VNS Photo Mai Huong Many British investors are seeking investment opportunities in Viet Nam in the hope of cashing in on free trade agreements (FTAs) that Viet Nam has signed with the UK and other economies worldwide. The UK-Viet Nam Free Trade Agreement (UKVFTA), which officially took effect in May 2021, was one of the first trade deals inked by the UK after it left the European Union by the end of 2020, which reflected the importance of Viet Nam in the UK’s trade policy. Bilateral trade and investment between the two economies have grown significantly with a growth rate of 17 per cent last year. Data of the Foreign Investment Agency under the Ministry of Planning and Investment showed as of October 20, 2021, the UK had 439 valid projects amounting to nearly US$4 billion in registered … [Read more...] about More British investors look at Viet Nam to cash in on free trade agreements

Vincom shopping mall in Ha Noi. Vingroup (VIC) was the biggest contibutor to the VN-Index yesterday with a growth of 2.1 per cent. — VNS Photo Mai Huong Shares eked out a gain in HCM City but lost ground in the last trading minutes in Ha Noi amid rising investor caution at the high price range. On the Ho Chi Minh Stock Exchange, the VN-Index inched up 0.05 per cent to close yesterday at 1,275.28 points – its third rally session this week and fourth since last Friday. The market breadth was negative, however, with 191 stocks rising, 252 falling and 118 closing flat. Realty stocks backed the market as half the top 10 shares lifting the VN-Index were real estate firms. Vingroup (VIC) was the biggest contributor with a growth of 2.1 per cent, followed by No Va Land Investment Group (NVL), Phat Dat Real Estate Development (PDR) and Investment and Industrial Development Corp (BCM) with gains of between 1.7 per cent and 7 per cent. Beverage companies also performed well with the … [Read more...] about Shares eke out gains in HCM but investors watch out at high price range

On August 12, the Danang People's Committee in collaboration with State Committee for Overseas Vietnamese Affairs (SCOV) held a seminar in Ho Chi Minh City to introduce Danang’s investment climate. The event attracted overseas Vietnamese to participate online from 19 countries and territories including the United States, Canada, Japan, South Korea, China, Taiwan, Australia, Germany, Russia, Poland, Slovakia, England, France, Italy, Belgium, Switzerland, Hungary, Thailand, and Mongolia. The event also saw the participation of 100 enterprises run by Vietnamese abroad. At the seminar, Do Thi Quynh Tram, deputy director of the Investment Promotion and Support Department shared a report about Danang’s strategies for development and called for investment in the city. The report covers preferential policies as well as projects calling for investment in the fields of high-tech industry, IT, supporting industries, and industrial park infrastructure construction. She also … [Read more...] about Overseas Vietnamese strengthen Danang’s investment climate

ADB experts at the press conference (Photo: Vietnam+) Hanoi (VNA) - ADB experts forecast that Vietnam's economy could recover at 6.5 percent this year and grow stronger at 6.7 percent in 2023, due to high vaccination rates and the implementation of expansionary fiscal policies. On April 6, the Asian Development Bank (ADB) released the Asian Development Outlook Report (ADO 2022), which stated that the Vietnamese economy is ready for a strong recovery in the context of global economy instability. GDP reaches a high level ADB experts forecast that Vietnam's economy could recover at a rate of 6.5 percent this year and grow stronger at 6.7 percent in 2023 due to high vaccination rates, trade promotion and continued implementation of expansionary fiscal and monetary policies. Andrew Jeffries, ADB Country Director for Vietnam, said that high vaccination rates have allowed the Vietnamese Government to lift strict pandemic containment measures. The timely shift in pandemic … [Read more...] about Vietnam’s economy recovers strongly amid global instability: ADB

At the Saigon Autotech & Accessories 2018 (Photo: VNA) Hanoi (VNA) – The Saigon Autotech & Accessories 2019 expo is set to take place during May 23-26, 2019 at Ho Chi Minh City’s Saigon Exhibition and Convention Centre. The event will be held by Asia Trade Fair and Business Promotion (ATFA), in collaboration with the industry agency under the Ministry of Industry and Trade, the Vietnam Chamber of Commerce and Industry, and the Vietnam Association of Supporting Industries. According to the ATFA, it will host more than 500 booths of over 300 businesses and is expected to attract some 15,000 visitors. Along with domestic businesses, various firms from foreign countries and territories have registered to attend the event, including those from Germany, India, Taiwan, China, Thailand, Malaysia, Indonesia, the Republic of Korea, and Singapore, and more. The 15th edition of the Saigon Autotech & Accessories will offer businesses the chance to share their current … [Read more...] about Over 300 firms to attend Saigon Autotech & Accessories 2019

Workers checking a roof top solar system. — VNA/VNS Photo As the energy industry has a crucial role in achieving net zero emissions by 2050, it requires a structural transition toward green growth. Therefore, Việt Nam needs assistance from developed countries regarding both financial and technical issues. To detail the national green growth strategy, the Prime Minister on July 22 approved the national action plan on green growth for 2021-2030 with four important goals. The goals are to reduce greenhouse gas emissions per GDP, to green economic sectors, to green lifestyles and promote sustainable consumption, and to green the transition on the principles of equality, inclusion, and resilience. Speaking at the conference on the impact of COP26 on the energy transition towards green growth launched on Wednesday, Nguyễn Thị Bích Ngọc, deputy minister of the Ministry of Planning and Investment, said that resources are the biggest problem in realising the goals of the energy … [Read more...] about Viet Nam needs extra $368 billion to achieve net zero emissions